The production of coniferous industrial roundwood in South Korea saw significant fluctuations from 2013 to 2023. Starting at 2.59 million cubic meters in 2013, it reached a peak of 3.303 million cubic meters in 2016 due to a 15.33% year-on-year increase, the highest in this period. This peak was followed by a general downward trend, hitting a low of 2.081 million cubic meters in 2021 and 2022, with a slight recovery to 2.0924 million cubic meters in 2023. The Compound Annual Growth Rate (CAGR) over the past five years showed a negative trend, averaging a -4.24% per year.
Looking ahead, the forecast indicates a gradual recovery with production expected to reach 2.1455 million cubic meters by 2028, reflecting a modest positive 0.4% CAGR over the next five years.
Future trends to watch for include:
- Environmental policies impacting forestry practices
- Technological advancements in forestry management
- Global market demand fluctuations for coniferous industrial roundwood
- Impact of climate change on forest yields
